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Tag >> audit fees
Jun 09

Audit fees rose 2 percent to $3.3 million: Report

Posted by Stephen Taub in Financial Executives InternationalcomplianceBig Fouraudit feesaccelerated filer

Stephen Taub

Publicly held companies paid on average $3.3 million in total audit fees for fiscal year 2010, an increase of two percent from the prior fiscal year, according to a new report from Financial Executives Research Foundation (FERF), the research affiliate of Financial Executives International.

The nearly 250 executives surveyed cited internal audit staff work, and changes in company operations as some of their primary reasons for the difference in fees.

May 24

Fees to auditors rose slightly in 2009: Study

Posted by Stephen Taub in Risknon-audit feescomplianceauditorsaudit feesAudit Analytics

Stephen Taub

After three consecutive years of decline, audit fees as a percentage of revenue of Independent Auditors increased slightly in 2009, points out a new comprehensive study for Audit Analytics.

However, the research firm says that as with non-audit fees, the uptick is due to a decrease in revenues instead of an increase in fees.  It stresses the fees declined despite the extra work demanded of independent auditors during the same period when more and more companies were required to obtain a auditor attestations required under the Sarbanes-Oxley Act.

Aug 27

Upscale California county scrapping Deloitte-installed SAP system

Posted by Going Concern in SAPERPDeloittebiztechBig FourBig 4auditorsauditingaudit feesaudit

Going Concern

Submitted by Caleb Newquist, republished from Going Concern, Accounting News for Accountants and CFOs.

Jun 24

Audit fees declined in 2009: Survey

Posted by Stephen Taub in complianceBig 4audit feesaudit

Stephen Taub

It looks like audit fees are stabilizing.

The 150 publicly-held companies responding to a recent survey paid an average of $4.8 million in audit fees in 2009, down 2.4 percent from the total shelled out by these respondents the prior fiscal year.

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